Baru Gold Corp V.BARU

Alternate Symbol(s): BARUF

Metals & Mining Gold

Baru Gold Corp. is a Canada-based junior gold developer with NI 43-101 gold resources in Indonesia. The Company is focused on developing and producing precious metals projects in Indonesia. The Company’s focus is on developing precious metals projects with significant resource upside potential and near-term production capabilities. The Company’s Sangihe Gold project mineral tenement consists of one block covering the southern half of Sangihe Island, located between the northern tip of Sulawesi Island (Indonesia) and the southern tip of Mindanao (Philippines). The Sangihe Project covers 42,000ha; this includes the Bawone, Binebase prospects on the eastern part of the island and Taware prospect in the south-central region with infrastructure in place. The Company has a 70% interest in the Sangihe project.

TSXV:BARU - Post by User

Baru Gold Corp

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Comment by brodeuron Apr 30, 2019 12:44am

36 Views

Post# 29687005

RE:NR 2019-04-29 Another step forward.

Not sure what the market thinks of this pr but to be it suggests ocmx $5m financing is about to close! And the pp will pay for the permit. Looks like go go go to me.

The net proceeds of the offering after payment of commissions will be used by the company for working capital expenditures related to acquiring the production licence for the Sangihe project during the final stages of closing the credit facility loan of up to $5-million announced on March 1, 2019.

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